The world’s largest steel industry is going through a ‘winter’ amid a supply glut and weak demand
The Chinese steel industry is caught “between a rock and a hard place” as steel makers’ margins are getting increasingly squeezed by weak demand, Bank of America executive said.
China’s new rules are worrying insiders about how far Beijing will go on controlling critical metals
New export controls have shaken the critical minerals industry. Insiders are worried that Beijing will leverage its global supply chain dominance in unprecedented ways.
JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake sale
Walmart said the decision will allow it to “focus on our strong China operations for Walmart China and Sam’s Club, and deploy capital towards other priorities.”
‘The World’ is a luxury ship that travels the world full time — here’s how much an apartment on it costs
A resident explains the pros and cons of living on “The World” — a luxury ship with privately owned apartments.
CNBC Daily Open: ‘Crazy’ summer
Wall Street ends longest winning streak of 2024. Eli Lilly weight loss drug cuts diabetes risk. Shein sues Temu.
Asia-Pacific markets fall as Wall Street rally falters; Japan trade swings to deficit
Japan’s July exports are expected to come in 11.4% higher year on year, while imports are forecast to rise 14.9%
Stock futures are little changed as Wall Street awaits Fed minutes: Live updates
The S&P 500 and Nasdaq Composite broke an eight-day winning streak during Tuesday’s session.
Investors are doubling down on stocks — and there are 3 key reasons why
One economist sees the S&P 500 at 7,000 by end of next year — up 26% from current levels.
Shares of this insurer are set to soar 100% as interest rates fall, Jefferies says
Shares of a global insurer could double over the next 12 months, according to Jefferies — which expects it to be a surprise beneficiary of interest rate cuts.
This hot high-yielding asset could cool off as interest rates come down
Investors have been flocking to ETFs holding collateralized loan obligations, but the prospect of Fed rate cuts could dampen the funds’ appeal.
